The leaders of the House Agriculture Committee on Thursday released a draft 2012 farm bill that cuts direct spending by $35 billion, about $11 billion more than a Senate-passed bill.
The five-year bill would authorize farm subsidies, conservation programs, crop insurance and food stamp spending and is expected to be scored as costing in excess of $900 billion over 10 years.
House Agriculture Chairman Frank Lucas (R-Okla.) and ranking member Collin Peterson (D-Minn.) have both signed off on the bill, which includes much deeper cuts to food stamps than the Senate bill.
The Senate found more than $4 billion in savings from the food stamps program, but the Lucas-Peterson bill gets more than $16 billion, according to the committee. Liberal Senate Democrats tried but failed to remove the Senate cuts.
To read more on this story from The Hill go to http://thehill.com/blogs/on-the-money/budget/236351-house-releases-draft-farm-bill-with-deeper-cuts-than-senate